Business
MPLX LP Reports First-Quarter 2025 Financial Results
Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline
About this update from Mplx Lp
[{"type":"text","content":"FINDLAY, Ohio, May 6, 2025 /PRNewswire/ --","length":42,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Executing Natural Gas & NGL growth strategy with agreement to acquire 100% ownership in BANGL, LLC and FID of the Traverse natural gas pipeline","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"First-quarter net income attributable to MPLX of $1.1 billion and net cash provided by operating activities of $1.2 billion","length":123,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA attributable to MPLX of $1.8 billion, reflecting execution of value chain growth strategy","length":105,"tagName":"p"}]},{"val":[{"type":"text","content":"Distributable cash flow of $1.5 billion, enabling the return of $1.1 billion of capital","length":87,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":462,"olType":false},{"type":"text","content":"MPLX LP (NYSE: MPLX) today reported first-quarter 2025 net income attributable to MPLX of $1,126 million, compared with $1,005 million for the first quarter of 2024.","length":165,"tagName":"p"},{"type":"text","content":"Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) attributable to MPLX was $1,757 million, compared with $1,635 million for the first quarter of 2024. Crude Oil and Products Logistics segment adjusted EBITDA for the first quarter of 2025 was $1,097 million, compared with $1,059 million for the first quarter of 2024. Natural Gas and NGL Services segment adjusted EBITDA for the first quarter of 2025 was $660 million, compared with $576 million for the first quarter of 2024.","length":508,"tagName":"p"},{"type":"text","content":"During the quarter, MPLX generated $1,246 million in net cash provided by operating activities, $1,486 million of distributable cash flow, and adjusted free cash flow of $641 million. MPLX announced a first-quarter 2025 distribution of $0.9565 per common unit, resulting in distribution coverage of 1.5x for the quarter. The leverage ratio was 3.3x at the end of the quarter.","length":375,"tagName":"p"},{"type":"text","content":""We achieved 7% adjusted EBITDA growth year over year," said Maryann Mannen, MPLX president and chief executive officer. "Our growth projects anchored in the Permian and Marcellus basins are expected to support mid-single digit ...